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PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Trustpilot Closes $55 Million Series E Funding Round Led by Sunley House Capital Management

March 5, 2019

NEW YORK & LONDON & COPENHAGEN, Denmark--(BUSINESS WIRE)--Mar 5, 2019--Trustpilot, the leading independent platform for companies to build trust with consumers, today announced it has raised $55 million in a Series E equity investment round. The round was led by Sunley House Capital Management, an affiliate of global private equity firm Advent International, with strong participation from existing shareholders Vitruvian Partners, Draper Esprit, Index Ventures, Northzone and Seed Capital.

Founded in 2007, Trustpilot has grown rapidly since inception via its freemium SaaS business model. The Series E funds will help Trustpilot strengthen its market leading position through investment in marketing, its technology platform and people and accelerate its drive to set new standards for transparency in the review space.

The investment follows another milestone year for Trustpilot. The company now has more than 58 million reviews of over 265,000 company domains from 150+ countries. Today, Trustpilot is one of the top 1% most visited websites worldwide and a leader in the UK, other European markets and North America. Its brand is seen more than 3.5 billion times online each month.

Feedback shared through the Trustpilot platform empowers consumers to get closer to the companies they buy from, make better buying decisions and influence others. For companies, openly collecting consumer reviews on Trustpilot not only helps them grow and show brand trust but also delivers tangible, measurable business results such as actionable customer insights, helping more consumers discover their brand online (including through the strongest SEO power of any comparable platform) and turning significantly more browsers into buyers.

“There has never been a greater need for trust online and in the world which is why we keep pushing the boundaries of what’s possible in the review space,” said Trustpilot founder and CEO, Peter Mühlmann. “Our open and transparent approach is crucial. It empowers consumers and companies to collaborate, innovate and improve together and that’s what builds lasting brand trust.”

Commenting on the investment, Mohammed Anjarwala, a Managing Director at Sunley House Capital Management, said, “Trustpilot offers a powerful value proposition to businesses, enabling them to improve their digital marketing efficiency and enhance customer engagement. We believe that the company has significant opportunities for continued growth, both in its core UK market and internationally, and look forward to supporting Peter and the Trustpilot team.” Mr. Anjarwala will join the Board of Directors at Trustpilot.

About Trustpilot

Trustpilot is a leading independent review platform, free and open to all companies and consumers. With more than 58 million reviews of over 265,000 domains, Trustpilot gives people a place to share and discover reviews of companies, and enables every company to turn consumer feedback into business results. Trustpilot’s mission is to bring people and companies closer together to create ever-improving experiences for everyone. Its brand is seen more than 3.5 billion times online each month. With offices in Copenhagen, London, New York, Denver, Berlin, Melbourne and Vilnius, Trustpilot’s 700 employees represent more than 40 different nationalities.

For more information, visit https://www.trustpilot.com/

About Sunley House Capital Management

Sunley House Capital Management (“Sunley House”) manages a concentrated global equity fund making minority investments in both public companies and select private companies. It is an affiliate of Advent International, one of the largest and most experienced global private equity firms. Sunley House, like Advent, focuses on investments in five core sectors, including business and financial services; healthcare; industrial; retail, consumer and leisure; and technology, media and telecom.

For more information, visit https://www.adventinternational.com/sunleyhouse/

View source version on businesswire.com:https://www.businesswire.com/news/home/20190304006088/en/

CONTACT: Media:

For Trustpilot

U.S. enquiries

Zach Pardes

Director, Advertising & Communications - North America

+1 646 291 6106

us.press@trustpilot.comU.K. enquiries

Dave Robertson

UK Senior Communications Manager

+44 7771 531057

uk.press@trustpilot.comDK enquiries

Annemiek Wilson

Senior Communications Manager

+45 50 57 46 52

press@trustpilot.comRest of World enquiries

Alexander Tolstrup

Director of Communications - Europe

+45 31 56 33 72

press@trustpilot.comFor Sunley House Capital Management

UK:

Fergus Wheeler or Jessica Gill

+44 (0)20 3727 1000

Fergus.wheeler@fticonsulting.com /Jessica.gill@fticonsulting.comUS:

Abernathy MacGregor

Chuck Dohrenwend or Jake Yanulis

+1 212 371 5999

cod@abmac.com/jjy@abmac.com

KEYWORD: UNITED KINGDOM UNITED STATES EUROPE NORTH AMERICA CANADA DENMARK NEW YORK

INDUSTRY KEYWORD: TECHNOLOGY INTERNET SOFTWARE OTHER TECHNOLOGY SEARCH ENGINE MARKETING SEARCH ENGINE OPTIMIZATION SOCIAL MEDIA PROFESSIONAL SERVICES FINANCE COMMUNICATIONS MARKETING

SOURCE: Trustpilot

Copyright Business Wire 2019.

PUB: 03/05/2019 02:05 AM/DISC: 03/05/2019 02:05 AM

http://www.businesswire.com/news/home/20190304006088/en